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3 years ago

Unlike a product/service differentiation competitive strategy, a niche strategy:

1 answer:

4 0

A niche strategy has competitive advantages, such as it is suitable for small companies with limited resources. It can be used in a limited geographic area and product line is focused on a specific product. In contrast, with product/service differentiation, there is a big difference, in which, there is a strong dealer networks, consistent product reliability, with credible image and various brands name and services.

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When there are many producers and many consumers in an economy, the best way to achieve an efficient allocation of resources is

Charra [1.4K]

Answer:

C. freely operating economy in which all markets are perfectly competitive.

Explanation:

When we have a lot of producers and many consumers in an economy, the best way to achieve an efficient allocation of resources is to have a freely operating economy in which all markets are perfectly competitive.

In such a free economy, demand for goods and services are not controlled.
The consumers behavior towards purchasing will determine if producers should allocate more resources to a production process or not.
It is better to make such market competitive without interfering into how resources are managed and dispensed.

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3 years ago

1. Classify the following manufacturing costs of Business Solutions as (a) variable or fixed and (b) direct or indirect. 2. Prep

Nat2105 [25]

Answer:

Cost of goods manufactured= $3,120

COGS= $2,750

Explanation:

To calculate the cost of goods manufactured, we need to use the following formula:

cost of goods manufactured= beginning WIP + direct materials + direct labor + allocated manufacturing overhead - Ending WIP

Cost of goods manufactured:

beginning WIP= 0

direct materials= 2,200

Direct labor= 1,000

Factory overhead= 520

Ending work in process= 600

Cost of goods manufactured= $3,120

Now, we can determine the cost of goods manufactured:

COGS= beginning finished inventory + cost of goods manufactured - ending finished inventory

COGS= 0 + 3,120 - 370

COGS= $2,750

4 0

3 years ago

Dolphus raymond tells scout, “you haven’t even seen this town, but all you gotta do is step back inside the courthouse.” how wil

Luden [163]

This is a quote taken from To Kill a Mocking Bird. Dolphus wanted Scout to understand the situation by looking stepping back and be able to see a better picture of the town. Scout was still young and immature to know about the situation.

6 0

3 years ago

For each separate case, record the necessary adjusting entry. On July 1, Lopez Company paid $2,000 for six months of insurance c

Bas_tet [7]

Answer:

Adjusting Entries

December 31

Dr. Insurance Expense $2,000

Cr. Prepaid Insurance $2,000

December 31

Dr. Supplies Expense $8,200

Cr. Supplies account $8,200

Explanation:

On December 31, six months have been accrued and all of the amounts of prepaid insurance became accrued. hence it will be recorded as an expense.

Now calculate the supplies expense using the following formula

Supplies expense = Beginning Supplies + Purchases during the year - Ending Supplies = $6,600 + $2,800 - $1,200 = $8,200

3 0

2 years ago

What is the book of first entry

taurus [48]

Answer:

Journals

Explanation:

“books original entry refers to the accounting journals in which business transcriptions are initially recorded the information in these books are summarized and posted into a general ledger from which financial statements are produced"

3 0

3 years ago